Robinhood brokerage accounts

To suit your investing goals and needs, you can trade with or without margin in your Robinhood brokerage account. The following are some key differences between them.

When you sign up for a Robinhood account, you’ll automatically start with a Robinhood margin account.

• Trade with unsettled funds from stock sales: You don’t have to wait for funds to settle (1 trading day for stocks).
• Pattern day trading regulations apply: If you make 4 or more day trades within 5 trading days with a margin account, you may be flagged as a pattern day trader. Review Pattern day trading for more information.
• Margin investing (this optional feature is not yet available): Subject to eligibility criteria, this option enables you to borrow money from Robinhood and leverage your holdings to purchase securities. This option gives you access to additional buying power based on the value of certain securities in your brokerage account. Risks are described in Disclosures.

• No trading with unsettled funds from stock sales: Stocks take 1 trading day to settle.
• Unlimited day trades: Non-margin accounts aren’t subject to pattern day trading regulations.

If you want to switch between a margin account and a non-margin account, do the following steps:

1. Select Account (person) → in the app, Menu (3 bars) or Settings
2. Select Investing
3. In Account type, and then select either Switch to margin account or Switch to non-margin account

All investments involve risk and loss of principal is possible. Margin investing involves the risk of greater investment losses. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance. For more information, review our Margin Disclosure Statement.

Robinhood doesn’t promote day trading. Day trading can be extremely risky. Day trading is generally not appropriate for someone of limited resources, limited investing experience, and low risk tolerance. For more information, review our Day Trading Risk Disclosure.

Robinhood U.K. Ltd (Robinhood UK) is a company registered in England and Wales (09908051) and is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.